Tariffs and TACOs....What You Need to Know
- JKL Wealth - John Lohrenz
- Aug 5
- 2 min read
White House Press Secretary statement this morning made me just laugh and turn the financial news to something more realistic. The word tariff has never had so much world exposure. It has been an irritant for anyone trying to forecast anything from companies, investors, and consumers. On again off again, on again off again. It’s nuts! It has even coined a phrase TACO (Trump Always Chickens Out) that markets participants now don’t believe Trump will follow through on his initial positions.
GM had $1.1 Billion cost to the bottom line from tariffs and Stelantis the Jeep manufacturer was steeper so car companies are already reporting impact.
This is going to go on and on and on and on and on and on and on and on! The deadline is irrelevant and now it is finally time to start playing worldwide economic chess for real. Markets are continuing to remain very resilient and ignoring the noise while grinding out new all time highs. Inventories are getting burned through from the front loading companies smartly jumped on before this price increases. Numbers are now hitting bottom lines and this will become a wider trend.
Being conscious of risk relative to your personal situation is what is important. If you are 20 years away from changes to your portfolio utilization for lifestyle needs far different than 5 years or less! I wish we could just ignore it and it would go away but that’s not happening. Adulting may be interesting in the second half of this year for all of us!
JLK Wealth Management, founded by John Lohrenz, specializes in crafting personalized retirement plans to fulfill your goals and aspirations. Let us start working together to ensure you can retire comfortably without the worry of running out of money, support your children to meet the world head-on as adults, take care of aging parents any way you need to, and leave a legacy that has meaning and lasts for generations.
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